Murry Math Lines and Price Action

This is a discussion on Murry Math Lines and Price Action within the Forex Net Trap forums, part of the Specialists' Corner category; Originally Posted by stevepatt Looking good to me....

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Old Oct 3, 2011, 8:28am   #33
 
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Re: Murry Math Lines and Price Action

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Originally Posted by stevepatt View Post
Looking good to me.
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Old Oct 3, 2011, 9:10am   #34
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Went long when I saw the long bias continuing and market broke back through M5 Pivot.
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Old Oct 4, 2011, 7:09am   #35
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread When the weekly and monthly MML come into play they are particularly strong levels of support and resistance because they have been consistent for the most time. Since the 30th August the Euro has dropped 1400 pips it will take a support level like this to turn the tide, we'll see.
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Old Oct 4, 2011, 6:53pm   #36
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Took this trade short after a strong move down but leaving me enough room to at least take a 1:2 RR.
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Old Oct 4, 2011, 7:19pm   #37
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread I like to try and look ahead for possible turning points to have an idea for where to start looking for reversal PA.
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Old Oct 4, 2011, 7:59pm   #38
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread Took the long trade but got out at BE, market was leaving too many wicks.
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Old Oct 4, 2011, 8:47pm   #39
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread You often find the market comes back to test an area of support or resistance before finally taking off, like on this occasion.
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Old Oct 4, 2011, 9:17pm   #40
 
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Re: Murry Math Lines and Price Action

stevepatt started this thread If I miss a break and it goes more than 3 MML. I don't try to enter, what I look for is the next area of support or resistance.
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